Commodity Intraday Technical Outlook 10 October 2024 - Geojit Financial Services Ltd
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Gold LBMA Spot
While below $6225 likely to extend weak bias. If not may see recovery upticks.
Silver LBMA Spot
Further selloffs expected only below $30. If unable to do it may see recovery upticks.
Crude Oil NYMEX
Expect choppy trades inside $72-78 levels and either sides breakout would suggest fresh directions.
Gold KG Oct
It is required to break above Rs 75800 to extend bullish outlook. Else, corrective selloffs possible the day.
Silver KG Dec
Break below Rs 88000 would extend further weakness. Else, recovery rallies expected.
Crude Oil Oct
Expect choppy trading initially. A direct break below Rs 6000 would extend weakness.
Natural Gas Oct
While prices stay below Rs 230 it may extend weakness. Else, recovery rallies expected.
Copper Oct
Prices remain choppy inside Rs 832-816 levels and any of the sides breakout would suggest fresh directions.
Nickel Oct
Expect choppy with thin volume trading in the near future.
ZincM Oct
Choppy with mild negative bias expected the day.
LeadM Oct
Inability to cross above Rs 188 expect mild selling pressure for the day.
AluminiumM Oct
Break below Rs 232 would extend weakness. Else, recovery upticks expected.
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